Micube Solution (XKRX:373170) Long-Term Capital Lease Obligation : ₩228 Mil (As of Sep. 2024)

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What is Micube Solution Long-Term Capital Lease Obligation?

Micube Solution's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₩228 Mil.

Micube Solution's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (₩495 Mil) to Jun. 2024 (₩363 Mil) and declined from Jun. 2024 (₩363 Mil) to Sep. 2024 (₩228 Mil).

Micube Solution's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩0 Mil) to Dec. 2022 (₩59 Mil) and increased from Dec. 2022 (₩59 Mil) to Dec. 2023 (₩615 Mil).

Micube Solution Long-Term Capital Lease Obligation Historical Data

The historical data trend for Micube Solution's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Micube Solution Long-Term Capital Lease Obligation Chart

Micube Solution Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

59.11

615.07

Micube Solution Quarterly Data
	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					7.54	615.07	494.79	363.11	228.24

Micube Solution (XKRX:373170) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Micube Solution Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Micube Solution Inc (XKRX:373170) » Definitions » Long-Term Capital Lease Obligation

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Address

23 Hyoryeong-ro 55-gil, Dongsan Building, 2-5th Floor, Seoul, KOR

Website

https://www.micube.co.kr

Micube Solution Inc is a software company. It provides total solutions across all IT services, from consulting for the realization of manufacturing intelligence to system linkage/integration and operation services.

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